The AM Roundup: Sharp Elbows Among Street Lawmen, More

Street lawmen: For decades, New York has served as home to ambitious prosecutors and regulators eager to make waves that ripple well beyond its boroughs. But the race to investigate, indict, subpoena and fine has reached a new level of intensity this year, as the creation of a new state financial-services watchdog—led by former federal prosecutor Benjamin M. Lawsky—has added another powerful player to an already crowded field. WSJ

Citi settlement: In one of the largest settlements of suits tied to the financial crisis, Citigroup Inc. agreed to pay $590 million over claims that it deceived investors by hiding the extent of its dealings in toxic subprime debt. Citigroup denied the allegation, saying it is settling “solely to eliminate the uncertainties. . .